Masters of Nothing, the new book by Matthew Hancock and Nadhim Zahawi, examines the financial crash of 2007 through the lens of the human behaviour that got us there. From the herd instinct of the boom years through the tipping point of 2007 and 2008 and the rewards for failure received by those at the top, this entertaining and highly readable book combines stories of gritty reality with concrete proposals for what must change.
Masters of Nothing examines the underlying behaviour that really matters. Bringing together psychological studies, new polling evidence, and a wide range of private interviews, Hancock and Zahawi show why it will happen again unless we understand human behaviour.
"At the root of this crisis was human behaviour...That's what this entertaining book gets to grips with in an original and thoughtful way" - John Humphrys, BBC
"Amusing and incisive, Masters of Nothing is the best account of the crash I have read. Hancock and Zahawi make original and powerful arguments about the crash, told through gripping stories about the real behaviour of the people at the heart of it. With the anecdotal appeal of Freakonomics, this entertaining, honest and provocative book is a must-read from two rising voices in British politics." - Danny Finkelstein, The Times.
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In the News
Greedy bankers to face prison as Chancellor prepares new law to target reckless bosses who take risks with the economy - Mail on Sunday
City ‘needs women’ to fight macho culture - Financial Times
Testosterone to blame for banking crash, say Tory MPs - Independent on Sunday
Tackle Bankers' Greed or expect history to repeat itself - The Sunday Telegraph